I. Project Overview

The NOT Project (Notcoin) is an innovative project based on the TON blockchain, leveraging the technical advantages of TON's infinite sharding and high TPS characteristics. It aims to bring Telegram's large user base into the blockchain world through the novel 'tap-to-earn' mechanism, thereby building an active and sustainable Web3 ecosystem. Since its launch, the project has attracted a significant global user base's attention and participation due to its low-threshold participation method and social dissemination path.

II. Technical Advantages and Innovations

1. High Performance Based on the TON Public Chain: The infinite sharding technology of the TON public chain is a standout feature, theoretically capable of processing over 100,000 transactions per second. This ultra-high TPS performance ensures efficient processing and quick confirmation of transactions when faced with large-scale user concurrency, significantly improving user experience and reducing wait times. For example, when users claim click rewards or trade tokens, instant responses can be achieved. Additionally, TON adopts a consensus mechanism that combines PoS and BFT, reducing computational costs of transaction processing while ensuring security, effectively controlling operational costs for the NOT project and reducing operational fees for users.

2. Innovative 'Tap-to-Earn' Mechanism: The NOT project's pioneering 'tap-to-earn' model significantly lowers the participation threshold for blockchain. Users can earn NOT token rewards simply by performing easy click actions and completing some daily tasks within Telegram. This approach attracts many ordinary users who previously knew little about blockchain technology, allowing them to easily participate in the Web3 ecosystem and experience the value and fun brought by blockchain.

III. Market Performance and User Base

1. Large User Base: The NOT project relies on Telegram's over 900 million global active users, rapidly accumulating a large number of users through the viral spread of social networks. Since its launch, it has attracted over 40 million participants. The number of holding addresses is also quite considerable, currently reaching 2.44 million. Compared to other popular meme projects (such as shib, bonk, $pepe), it shows a clear advantage in terms of holding addresses and turnover rate.

2. Strong Trading Data: In terms of trading volume, NOT's trading volume in the last 24 hours can reach $680 million, showing a high level of market attention and activity. In terms of market capitalization, NOT currently reaches $1.6 billion, occupying a certain share in the cryptocurrency market and becoming one of the most notable projects.

IV. Ecological Development and Community Building

1. Ecological Application Expansion: The NOT project is not limited to the single 'tap-to-earn' model but is continuously expanding ecological applications. It has already integrated other TON chain games that support $NOT payments, such as catizenai and whalegames, further enriching the usage scenarios of NOT tokens and enhancing their practicality and value.

2. Active Community Atmosphere: NOT has a strong and active community, with 1.7 million followers on Twitter and 850,000 members in its Telegram group, primarily consisting of international users. Community members actively participate in promoting, discussing, and providing feedback on the project, providing strong support for its development and enhancing users' sense of belonging and loyalty to the project.

V. Challenges Ahead

1. Market Competition Risk: With the rapid development of the blockchain industry, similar 'tap-to-earn' or social network-based blockchain projects continue to emerge, intensifying market competition. The NOT project needs to continuously innovate and optimize to maintain its competitiveness and uniqueness in the market, avoiding user and market share diversion to competitors.

2. Regulatory Uncertainty: The cryptocurrency industry faces varying degrees of regulatory policy changes globally. The uncertainty in regulatory policies may impact the operation and development of the NOT project, such as in token issuance, trading, and user identity verification, requiring close attention to regulatory dynamics to ensure compliant operations.

VI. Future Prospects

The NOT project plans to transition from the tap-to-earn phase to a cultural + ecosystem, continuously developing notcoinexplore, and launching more games and activities. In the future, the project aims to create a rich reward system, fully autonomous, and self-evolving sustainable ecosystem. Combining the traffic advantages of Telegram, the technical advantages of TON, and the project's innovative concepts and community foundation, the NOT project is expected to achieve further development in the Web3 field, bringing more value and experiences to users while making a greater contribution to the prosperity of the TON ecosystem.